S. 536In Committee
Fair SHARE Act of 2025
Imposes new excise taxes on electric vehicle sales and certain large battery modules, and directs the revenue to the Highway Trust Fund
Plain-English overview
What this bill does
Imposes new excise taxes on electric vehicle sales and certain large battery modules, and directs the revenue to the Highway Trust Fund
Key points
- Transfer tax revenue to Highway Trust Fund
- Impose electric vehicle excise taxes
- Impose battery module excise taxes
Current status
Where it stands
Status
In Committee
Latest action
2025-02-12 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation